) recently announced that it has been selected again by the
United States Transportation Command (USTRANSCOM) to continue
providing airlift support in Afghanistan. The contract was
initially awarded to the company in 2008. The renewal is
effective immediately and will continue through November 2013.
The value of the contract renewal is estimated at roughly $143
million. Earlier, in November 2012, the company also extended
another airlift contract with USTRANSCOM.
Per the terms of the contract, AAR Airlift will provide
rotary-wing aircraft and related personnel, equipment and
maintenance to transport personnel, cargo and mail in support of
U.S. and NATO operations based in Afghanistan. The company will
deploy 10 heavy-lift Sikorsky S-61 and two medium-lift Puma SA
330J helicopters for the operations.
The company has a strong track record of winning contracts
from the US government. This extension of the contract further
strengthens the company's presence in the U.S. government and its
associates in Afghanistan.
Randy Martinez, President of AAR Airlift, comprehends the
extension as the U.S. government's continued confidence in the
company. According to him, the government approves of the
company's ability to meet the strenuous task of supporting
tactical airlift missions in challenging environments.
Illinois-based AAR Corp. provides a wide range of
high-quality, and cost-effective technical services. AAR
currently supports the U.S. Department of Defense in Afghanistan,
Africa and the Pacific Rim, and is ranked one of the top defense
contractors in the world.
AAR Corp. has a Zacks #3 Rank, implying a short-term Hold
rating (1-3 months). The company competes directly with its peers
Lockheed Martin Corporation
), both Zacks #3 Rank stocks.
AAR CORP (AIR): Free Stock Analysis Report
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